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congress the same problems. the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerr he sad the reelection of the president is not a mandate to ise taxes. this is a huge debate. can hey come together? >> i elieve we can seize the futre together. we're not as divided as our politics suggest as
our economy and create jobs and the decisions we have to make in the coming weeks to help that come about. it is part of governing that these issues arise and we have to deal with them. >> this is a question on the fiscal cliff. you say he will not sign any bill that extends the bush cuts. it is highly unlikely that he would get a bill like that. how open is he to the notion that -- in terms of going forward? is he willing them out completely? >> i am giving you a pretty good printers on the president's thinking going into the process that he said it begins with the specific proposal he has before congress, a plan that achieves balance and that allows us to continue to invest in important areas of the economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challen
funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
.s. economy due to hit the fiscal cliff, trillion of tax increases and spending cuts, president obama called for a catch henceive deal and said he is not going to one on the top 2%. >> we cannot afford to extend the bush tax cuts for the wealthy. we can make sure that middle class taxes don't go up. if we get that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and tr
% that we can't afford and according to economists, will have the least positive impact on our economy. >> all right. i don't know about you, but to me, that sounds like a fairly staunch and unwavering position. and yet, the president did insist he's staying open to new ideas. take a listen to this one. >> i am open to new ideas, if the republican counterparts or some democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit, encourages growth, i'm not going to just slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> all right. now, that second one -- that second one was pretty good, if you ask me. and again, i'm trying to be optimistic about tax reform rather than higher tax rates that will damage economic incentives. but does this really sound like somebody who's ready to make a deal? that's a big question. here now is cnbc contributor keith bicycoykin, and david web radio talk show host and co-founder of tea party 365. steve, did the president sound like he was rea
majority of them said that taxing the wealthy was a majority of that. there are other issues on the economy. 70% to 20% said that they trusted the economy. that should not be their goal. their goal should be to hit the 40% level that w. was able to do. that will make them competitive. and they need to also created goal for blacks. they cannot conceive 97% of the black vote. start with 12%, 17%, something. they need to make inroads. is unrealistic to say let's go for hispanics. if they can get to the 38% range, they can be competitive. in the same way, we're talking about the democratic problem with whites. >> in 2013, there is a big deal. comprehensive immigration reform was taken off the table. how far does this get you with this next emerging electorate? what else does the party have to do to get back to the kind of numbers that bush saw? >> is a step in the right direction, but it is far from the whole thing. it is basically ronald reagan mindset that says we welcome anyone who shares our values and our desire for lower taxes. bill back and listen to some of ronald reagan's rhetoric. --
with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will
when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan i talked about during the campaign. it's a plan to reward businesses that create jobs here in america, and give people access to the education and training that those businesses are looking for. it's a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. and it's a plan to reduce our deficit in a balanced and responsible way. this is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit -- decisions that will have a huge impact on the economy and the middle class, now and in the future. last year, i worked with democrats and republicans to cut a trillion dollars' worth of spending, and i intend to work with both parties to do more. but as i said over and over again on the campaign trail, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spendin
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i
important issue was. the economy was way up on top, almost 3/5ths of people said the economy was the number-one issue. the percentage who said that foreign policy was the most important issue was down in the single digits. that is not the driver. foreign policy is usually not the biggest driver. it is worth noting that those voters who said that foreign policy was the most important issue, president obama won that group. host: that made for about 5%. the economy, 59% put that as the most important issue. federal budget deficit, 15%. talk about how the health care law played into voters' attitudes? 18% said it was the most important issue. guest: that is an important thing. almost one in five voters said that health care was the most important issue. the president won roughly three- quarters of that vote. throughout the republican primaries, the issue of obamacare was a huge rallying cry. in 2010, the republicans won some big victories because of anger on the part of conservative voters about the president's health-care law. by the time you get to this election, you see this turnaround were
everyone will be affected if there is no deal. it could throw the economy back into recession and cost no income families about $2,000 more next year. those are some of the latest headlines on c-span radio. [video clip] >> i enjoyed watching book tv -- >> i enjoy the rebroadcast of various television news programs. i like that they provide coverage without the sound bites. it really gives me an opportunity to consume as much information on what is going on. c-span is a great way to kind of get an unfiltered view of the day's events. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> "washington journal" continues. ,ost: we're back with evan bayh now co-founder of the no labels organization. let me begin with the petraeus resignation. is your reaction -- what is your reaction? guest: it is if personal tragedy. he was doing a fabulous job as director. we're fortunate that we have a great leadership team. michael morrell house now now stepped- hasno in. host: did he have to resign? guest: my own answer is yeah, i thi
of the fundamental question of the internet economy. >> right, it certainly is and again, no one, even in the children, even in the copa context where we proposed before you collect information online from children you have to get parental consent, we don't think, i mean that doesn't stop advertisements for children. it only stops particularly types of information and advertising it back and monetizing that information and soling it to third parties and using it to advertise to children. all it doesn't say you can't collect certain types of information. that is our proposal. we are taking comments. we haven't made up our mind precisely where we're going to go. >> let's sort of talk broadly about a concept of unfairness. so the ftc has a mandate of enforcing deceptive and unfair practices right? >> right. >> traditionally you erred on the side of deceptive. >> well, you know, if you make a commitment to anyone in this room we will in the privacy content we will protect your data and you don't honor that commitment that is deceptive practice. that is an easy thing to understand conceptua
that will make a difference in the future economy of this country. we are in a mess. he is in a position like a lot of previous presidents. he's got to be thinking, am i going to leave a disastrous legacy in the hands of our grandchildren? or am i going to step up and lead? i used to get criticized because i was a deal maker. i talked to people like joe lieberman, we would find a way to get things done. you have to give a little to get a little. doesn't wind up getting you in trouble? oh, yes. but after all, that is what this is all about. the president has said himself, and i quoted him in an article that may run in the "washington post" tomorrow, he says america deserves better. it begins with him. mcconnell has to be engaged. harry reid has to be engaged. we are at a profit this year. maybe it is the fiscal cliff. but we have to act on a lot of really serious things and we had some of it now. we have to do a lot of it next year. if they do the right thing, that our country will benefit the legacy will be secure. so i want to open this up. a lot of people in this room are engaged in this ef
the economy stronger white a set of commitments to finance, a high level of public investments in infrastructure and education and a lot of bipartisan support for that. i think there's a lot of support for doing the obvious things you have to do. you have to pass an extension tax of the amt is very important to do. you listen carefully there's a lot of support for trying to make real progress on the long-term fiscal soundness. there's a lot of benefit in doing that for the economy. how you do that is important. so i think this is a solvable problem and we want to do as much as we can to take an advantage of this opportunity to make some progress in each of those fronts. >> there's one thing about which they're doesn't appear to be a lot of agreement and that is should the bush tax cuts on the overt and hundred 50,000 crowd be extended or should taxes be raised? >> i heard jay carney an hour or so ago say the president will not agree to anything that extends the tax cuts on the upper brackets. that sounds like a line in the sand; is it? >> i do think it's important to start by a
's why we have these two guys to start today. i me, one of great at winners of the american economy, steve case, who not only has such an impact with aol, but now with revolution is funding and helping to develop a whole range of companies with a variety of industries. meanwhile, but in the washington area has gotten incredibly involved in trying to help the u.s. government think more intelligently about competitiveness and entrepreneurship in particular. josh linkner, a local store here who runs detroit venture partners as an sure many of you know, it's are from detroit you certainly know that, a supporter of this event which were very grateful for, and i think it's symbolic of incredible new energy that is developing in detroit and i should also say that josh created a company called, in 1999 here in detroit, operating all this time. two weeks ago it sold for a nice exit. here's a story of a company, a local copy that came from here, when all the way and he's an real well with the. even vested in a ton of other companies. so i just want to start asking you, steve, you know, when i
that are now griffin to various parts of -- given to various parts of our economy, for example, the oil and gas industry, and shift those tax breaks around so we would fund infrastructure project. in fact, that's what the president proposed to do. before i go further into how we might use the effort to build infrastructure, i want to just say that that infrastructure program is going to be absolutely essential to rebuild an extraordinarily important part of this nation. that is the east coast. new jersey, new york, connecticut and some parts of pennsylvania were devastated. there is going to be a multi-billion dollar rebuilding program necessary just to go back to where those parts of this country were before the storm hit. much more will be needed to protect those parts of this country from future storms that are certain to occur. i'll let it go at that. sigh my colleague from new york -- i see my colleague from new york city has arrived here and i'd like her to pick this issue up and talk about the devastation that occurred in her communities and then we can come back to the infrastructure .
. >>> within the hour, word that president obama will make a statement on the fiscal cliff and the economy at 1:00 p.m. tomorrow. the congressional budget office issued a new scenario of what happens if the president and congress fail to act. eamon javers joins us now with the details. good evening, eamon. >> reporter: good evening, larry. as you say, we're getting news tonight we're going to get dueling appearances tomorrow between speaker john boehner and president barack obama. the speaker will address a crowd of reporters at 11:00 in the morning. he will take questions from the press. we're told obama will speak at 1:00 in the east room of the white house and will not take questions from reporters. there will be an audience there, but he will not be taking questions. meanwhile, we're getting this report out today from the cbo, which is laying out the scenario of just how bad things would be if we go over the fiscal cliff. let me give you a couple of the key bullet points here. the cbo saying if we go over the cliff the gdp would drop by 0.5% in 2013. it could decline in the first half of th
on the economy in the first year of this ten-year. that is slowing down the gdp by four percentage points that's kicking us into a deep recession. >> i think everybody's aware of that. i don't think that anybody, whether new members coming in now or whether existing members who have been there for a while i don't think anybody has any illusions of the urgency of this. it doesn't mean it's going to be easy. john boehner has to deal with the problems he had to deal with a year ago in terms of his caucus. it's really important that we are in a place where we're further away from the 2010 victory for the tea party. the members of his caucus that were most difficult to deal with a summer ago, those people were coming off of a huge victory in 2010, now much further down road and coming off -- many got re-elected tuesday but the whole political environment has changed given the success of not just president obama but democrats more broadly in congress. and it does change everyone's incentive structure. there's no one, no one, who is politically well affected positively affected if the country drops i
, the small businesses. and so i think we need to do a better job at educating people on how the economy works. i mean, i'm learning stuff every day. i'm certainly not an economist, and i don't fully understand it at all, but, you know, there are small businesses that pay income taxes and, you know, if we go and we tax them as individuals, it's going to take money out of their business and, you know, they may have to lay people off. i mean, they may not be able to hire people. i mean, it's a huge -- the economy is very complex, but at the end of the day, like i said, you cannot -- i mean, you're going to run out of other people's money. host: according to this chart we have from the new york daily news and the tax policy center, the president is talking about ending subsidies for the oil industry in claims it would raise $40 billion. is this something that he party could live with? guest: i do not know. everything is on the table right now. like i said before, we have to find some common ground because we cannot continue down this road. so, you know, it is something that i have not seen that,
the most if we allow the economy to go over the cliff. and i think if nothing is done the economy will go over a cliff. who gets blamed lex they blame the republicans now. the democrats won the election. the voters are not always rational. the way they hand out blame. there's a lot of speculation going on right now at leadership levels in both houses and both parties, with the white house briefing a huge sigh of relief that the polls were all right, but now we are stuck with this for four more years. how do we deal with this? i don't think anybody knows how the lame-duck is really going to work, other than, you know, will be a continuing resolution. will be a kick the can down the road kind of resolution. the question is how many things will be added to the train as it's moving through and what shape will it be, and that's great uncertainty. >> congressman gephardt, as senator bennet just like that, this could get pretty messy even if they come up with some solution that involves duct tape and kleenex but it could get ugly before it is resolved. and doesn't that affect the leverage here f
the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h
an islamist problem per se. the other issues the economy is very important. we tend to look at the question and focus on the question of cheri and women's rights which is an important aspect but also the economy is very important. a lot of economic issues and social economic problems that are concealed in economic terms but are fundamentally questions of women's rights and women's empowerment and talking about the problem of the informal sector and a considerable portion of the population that have no labor protection. the biggest people hurting the most from this reality are actually women. it is not exclusively a question of what cheri at --sharia has to offer. whether they have to say about the question of women's rights which is important aspect but not the only aspect. >> their security sector reform mentioned, we could get into that. let's do tunisia and libya and may have some broader observations on this issue because you have been working on egypt and libya as well. or did you have any -- >> in tunisia the issue of women's rights is a large issue. certainly tunisian have prided th
was on my radio show yesterday. >> if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than makers and it's over. the country that no longer is interested in conservative ideas. it is interested in handouts. >> >> laura: this frustration and dejection is understandable. i, like many conservatives, thought mitt romney would pull out a victory, i, like many republicans, am extremely disappointed. the autopsy of what went wrong is ongoing. there will be conflicting opinions on the cause of death for the romney campaign and all those senate races. i happen to think that mitt romney ran an overly cautious and defensive campaign which allowed the other side to define him. perhaps with the exception being that first debate. some establishment republic types say this requires the party, however, to be less conservative, to be more moderate. and it's no surprise that democrats agree. i find that depressing. conservatism won huge for the g.o.p. in 2010. and it beat back a union backed recall just recently in wisconsin. but in just two years, a sh
of your administration with an economy as lousy as the one you brought us to now with no sign of making it better. this is not make the economy better. does the tax increase go up? ?hat about the sequestered ta how is delighted to see an interview with direct quotes from mitch mcconnell appeared he said we're not raising taxes to avoid the sequester appeared out rather have the savings over a decade -- from mitch mcconnell. he said we're not raising taxes to avoid sequester. i would rather have the savings over a decade. i am not -- i would rather have the sequester them lose the savings. i would rather have a different ly structured sequester. we're not giving up savings. we either had the sequester or reconstruction it differently. ,hat i think you're going to do at the one thing he could have a compromise on, maybe the only thing you have a real compromise like theoneis republicans savings for the sequestered but they do not want to come out. the democrats theoretically would like the sequesters savings but they do not want to have domestic discretionary. they would both like to in t
game and more than half of us fish. outdoor recreation economy across this country contributed some $646 million in direct spending to this u.s. economy. fishing and00ing is not just recreation, it is a critical part of our economy. in montana, hunting and fishing alone brings $1 billion a year to our economy. nearly as much as the state's cattle industry. it drives and sustained jobs, and with hunting season in full swing and thousands of montanaians hunting in the back country over the thanksgiving weekend, this bill is as timely as ever. mr. president, the sports men's act of 2012 is balanced, bipartisan, and widely supported. it is also fiscally responsible. the bill has no cost. mr. president, before the senate went out of session, we voted to move forward with this bill by a vote of 84-7. 84-7. it was a resounding approval to preserve some of our most productive habitat, to pass on the hunting tradition and to entrust them with the land and water we share. now it's time to get this bill across the finish line, to approve a bill with widespread support that preserves our outdoo
code, we can give our country a stronger, healthier economy. >> i went to badbed, thinking all of this discussion about this election being the election that will tell us whether or not we have lost the country. i went to bed last night thinking we have lost the country. >> congress is the major shackle, the dysfunction in congress. we see other signs of lift. we have to have a congress that works together. between now and the year's end, that's our opportunity to take the first big step. >> the american people recognize that our economy -- getting it moving, is the only way we will be able to balance the federal budget. the question we should be asking, is not which taxes should i raise to get more revenue? but which reforms can we agree on that will get our economy moving again? >> obama is hell bent on remaking this country. we are in the middle of t. we are four years into a transformation of this government becoming statist. liberty versus tyranny. we are four years into tyranny winning. guess what! no matter what happens now, it's bush's fault! obama's getting a mulligan.
to austerity too early. we pushed the economy back into a recession. this would reduce gdp by about 3 percentage points. maybe a little bit higher. since we're only growing at about 2, that would put us into negative territory for all of 2013 and get unemployment back into the 9% range. >> bill: when we're talking about the fiscal cliff we're talking about what is also called sequestration. >> sequestration is part of it. fiscal cliff on january 1, a bunch of tax increases about $500 billion. on january 2nd, it is about $120 billion in spending cuts. the combination $600 billion or so would be the largest one-year nominal reduction in the deficit in history. >> bill: in one year. >> in one year. it is what all of the deficit hawks have been wanting and now they're saying let's not go there here. you've got the ceos from all of the companies saying basically stop the fiscal cliff. what they're really saying is we like higher deficits. they're good. >> bill: what brought about the fiscal cliff? >> it is a combination of
power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of work. and his new boss ld him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busseto waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from ameritrade. stuart: two days after the election the fighting is starting on capitol hill. all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax
believe this will hurt the economy. by the way, you heard speaker boehner make that same statement earlier. melissa: what was your impression, i mean, i'm talking with him one-on-one? >> one of the things i get annoyed at is the idea that somehow the spending cuts, the automatic spending cuts will hurt the economy. i do not believe that. melissa: why? why do you not believe that? >> i do not think so. wall street has tumbled so much in the last week and that does not have anything to do with the spending cuts. we knew they were coming from the last year. melissa: it has to do with raising taxes. if you cut spending all of a sudden, how would that not hurt the economy? >> i went to the last five or six times in the last 100 years but we actually cut spending, it does not happen very often, as you know, melissa, and washington. if you cut spending, you make more money available to the private sector. by the way, the attitude that cutting private spending will hurt the economy, increasing government spending would reduce unemployment. that did not work out so well. i think those are two entir
of our economy. there will be many who will say with the election over, we should confront the first challenges by electing the top two tax rates expire and pushing it off to somewhere else. they have lessing based in the same temporary policies that have put this into this fix. now they are saying, let's have more of the same. let's to drive our economy of the fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem and it will hurt our economy. we cannot keep going on like that, we cannot set the bar that low. it is time we raise the bar. the american people this week did give us a mandate to simply do the simple thing -- they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we want to lift the cloud of debt hanging over our country. we will not solve t
of the fiscal cliff and raising taxes on the top two rates would cost the economy more than 700,000 jobs. >> rorter: so republicans are hoping for new revenues but not from increased tax rates. remember, jenna, back in 2010, when the economy was growing at 2.3%, president obama extended all the bush tax cuts saying the economy was too weak to digest a tax increase. now it is growing at 2% but mr. obama is forging ahead anyway. jenna. jenna: it will be interesting to watch. jim, thank you. >> reporter: yes, ma'am. jon:. >> mr. president, this is your moment. we're ready to be led not as democrats or republicans but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> it's better to dance than to fight. it is better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that is the way it has been the las
economy energy eyes jiesed by simpler tax codes with fewer loopholes and lower rates for all? so his increaseded revenue is lower rates or dynamic scoring, i don't know. but i think he was able to pivot on his spin but in terms of the substance i don't think he's moved. >> i'm glad that you read his words because i do think that is what the republicans mean by revenue. the theory -- and it's a theory and there are detrack tors of this theory and supporters of the theory which is if you have lower tax rates, there will be more economic growth and activity which will in turn result in additional tax revenue into the u.s. treasury. and again, it really comes down to whether you buy into that theory. the republicans hold that theory and believe in it. the other side of the aisle doesn't believe in that theory to the same degree that the republicans do. so it almost comes down to what stan said is do you have steal mate over the i'd olingses and i think we all know that with the senate becoming a bit more liberal and the house becoming a bit more conservative that those are going to clash
for our economy and for our place in the world, either bilateral agreements, multilateral commitments, you were always there to make sure that we moved forward in that and i really thank you and i do rise in support today of this rule and h.r. 6156, to grant permanent normal trade relations to russia. . this important legislation is a small step towards a big reward. without it the united states exporters and service providers will continue to lose business to our foreign competitors that have already have trade relations -- relationships with russia. and once we lose those markets, our competitors will only become stronger and better positioned to surpass the u.s. in a critical marketplace of the 21st century global economy. according to the national association of manufacturers, russia imported over $500 billion in goods last year, and of that total only 5% came from u.s. exports. this bill will lift outdated policies and restrict american access to russian markets. as a result studies show u.s. producers can expect to achieve double-digit increases over the next decade in exports of hea
of president obama mean for the economy and for your money? cheryl casone breaks it down next. >> hillary clinton is talking about the future and her political career. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the intity thief who used a device called a skimmer to steal her formation from her card to open a fraudulent account. every year millions of americans just like you learn that a little personal information in the wrong hands could wre havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's
the economy from the middle class out, that's not just a talking point. that's a concept that americans embraced. >> you don't have a mandate unless you believe you have a mandate. if you negotiate like you have a mandate. are you confident or are democrats confident the president is going to draw the hard line when he has to. >> the president will not give back. and they have gone so far to say -- it doesn't get more clear than that. >> you mentioned bill crystal. when he steps up and says what he says, isn't giving boehner some cover to make the deal that there are some conservative media people out there with some influence that will give him some backup? it seems like solid messaging. >> my little kids use. >> has he lost his influence or just as strong. will he play into this? >> i don't think he's lost the influence that he should have. and he is a key to that super pac money. the super pac money is the big problem here that looms large over the reelections of many of these tea party republicans who fear losing in primaries. if they spread too far from the right, they don't come b
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